Beware of the top five common blockchain mistakes while integrating the technology
Blockchain technology is thriving in the tech-driven world owing to its smart capabilities such as faster transaction speed, low transaction fees, transparency, utmost cybersecurity, and many more. But there is a need to have a clear understanding of the difference between the market trend and reality in sync with the business goals of an organization. Multiple organizations need to be aware of the following common blockchain mistakes to avoid any serious consequences in the nearby future.
Fail To Understand/Use Blockchain Technology
Enterprises and CIOs make one of the biggest blockchain mistakes by ignoring some of the crucial blockchain features. Such as, smart contract capabilities, decentralized consensus, and tokenization barely find any applications in modern blockchain projects.
Assuming Fully Baked Smart Contract Technology
Assuming that smart contract technology is mature is another mistake people make. While smart contracts arguably…